US Stocks Open Lower After Hotter-than-Expected Producer Inflation Data
SPY•Wall Street opens lower after producer prices data
Sept. 10 (Reuters) - The major U.S. stock indexes opened lower on Thursday after producer prices data for August raised expectations of an interest rate hike this month, while an escalating conflict in the Middle East pushed oil prices above $100 a barrel.
The Dow Jones Industrial Average .DJI fell 88.8 points, or 0.17%, at the open to 52291.85. The S&P 500 .SPX fell 41.6 points, or 0.55%, at the open to 7594.74, while the Nasdaq Composite .IXIC dropped 232.3 points, or 0.88%, to 26021.052 at the opening bell.
